Submitted by The Burning Platform
The Biden administration is spending money at hyper-speed in a feckless effort to make our awful economy appear strong and robust in an attempt to sway the election in their favor. All they have done is unleash the next round of raging inflation. Their reckless spending has driven all financial markets to all-time highs.
The stock market and gold hit all-time highs this week. Silver rocketed up almost 7% on Friday. This has all the makings of a blow-off top, before an epic crash. Taking profits would be a prudent move, but you be you. I have a feeling this might be as good as it gets for the rest of my lifetime. An epic shitstorm is a-brewin. Batten down the hatches.
The report is late and released over the weekend. The FY deficit was $1.8 trillion. However $500 billion was added the last 3 weeks. We now have window dressing being done at the national level. Banks engage in this behavior all the time. Very comforting…not. https://t.co/oaeLggm077 pic.twitter.com/IzziNgRZF6
— Edward Dowd (@DowdEdward) October 19, 2024
If JP Morgan didn’t report earnings last Friday when they were scheduled to and gave no explanation, shareholders would be demanding an answer and calling for people to be fired.
It’s now been 8 days since the Treasury was supposed to release their “Monthly Treasury Statement”… https://t.co/MJJtA5DMoP
— Charlie Bilello (@charliebilello) October 18, 2024
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https://www.theburningplatform.com/2024/10/20/heres-the-reason-for-all-time-highs/